Innoviz Technologies Ltd. (NASDAQ:INVZ) saw an upside of 0.47% to close Monday at $2.16 after adding $0.01 on the day. The 5-day average trading volume is 4,559,000 shares of the company’s common stock. It has gained $2.35 in the past week and touched a new high 1 time within the past 5 days. An average of 6,133,600 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,471,642.
INVZ’s 1-month performance is -32.71% or -$1.05 on its low of $2.09 reached on 08/21/23. The company’s shares have touched a 52-week low of $2.09 and high of $6.19, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, INVZ has lost -45.04% or -$1.77 and has reached a new high 12 times. However, the current price is down -65.11% from the 52-week high price.
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Valuation Metrics
INVZ stock has a beta of 0.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 71.91 while the price-to-book (PB) in the most recent quarter is 2.16.
Innoviz Technologies Ltd.’s quick ratio for the period ended June 29 was 3.80, with the current ratio over the same period at 3.90. The trailing 12-month EBITDA margin is -2088.90%. The firm’s gross profit as reported stood at -$8.76 million against revenue of $6.03 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -21.04% to -$126.87 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected INVZ to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.23, representing a -4.50% surprise. EBITDA for the quarter stood at more than -$32.01 million. INVZ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 62.07 million, with total debt at $33.72 million.
Let’s look briefly at Innoviz Technologies Ltd. (INVZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 23.50% to suggest the stock is trending oversold, with historical volatility in this time period at 140.26%.
The stock’s 5-day moving average is $2.18, reflecting a -6.09% or -$0.14 change from its current price. INVZ is currently trading -33.54% above its 20-day SMA, -31.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -25.26% and SMA200 by-53.85%.
Stochastic %K and %D was 2.94% and 2.93% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 30.40%, while the 14-day stochastic is at 3.05% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.17 and -0.67 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Innoviz Technologies Ltd. (NASDAQ: INVZ), Rosenblatt launched coverage with a Neutral rating. Analysts offering their rating for INVZ stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate INVZ as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is INVZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $13.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Innoviz Technologies Ltd. (INVZ) stock is $7.70.
